Tesco Stock Forecast

Stock Price Forecast

According to 15 analysts polled by S&P Global, Tesco stock has a consensus rating of "Buy" and an average price target of 516p. The average 1-year stock price forecast is 10.64% higher than the current stock price, while the lowest is 460p (-1.36%) and the highest is 560p (+20.08%).

Price Target: 516p (+10.64%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	460p	516p	520p	560p
Change	-1.36%	+10.64%	+11.50%	+20.08%

Analyst Ratings

The average analyst rating for Tesco stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	6	6	6	6	6	6
Buy	3	3	3	3	4	4
Hold	4	4	5	5	5	5
Sell	1	1	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	14	14	14	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Benjamin Zoega Deutsche Bank	Deutsche Bank	Buy Reiterates 525p	Buy	Reiterates	525p	+12.57%	Jun 9, 2026
William Woods Bernstein	Bernstein	Buy Maintains 520p	Buy	Maintains	520p	+11.50%	Jun 6, 2026
Sreedhar Mahamkali UBS	UBS	Buy Maintains 545p	Buy	Maintains	545p	+16.86%	Jun 4, 2026
Matthew Clements Barclays	Barclays	Buy Reiterates 515p	Buy	Reiterates	515p	+10.43%	May 29, 2026
Izabel Dobreva Morgan Stanley	Morgan Stanley	Buy Initiates 560p	Buy	Initiates	560p	+20.08%	May 18, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

74.93B

from 73.71B

1.65%

from 73.71B

Revenue Next Year

77.03B

from 74.93B

2.80%

from 74.93B

EPS This Year

0.31

from 0.29

6.22%

from 0.29

EPS Next Year

0.33

from 0.31

8.72%

from 0.31

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Feb 26, 2022	Feb 25, 2023	Feb 24, 2024	Feb 22, 2025	Feb 28, 2026	Feb 28, 2027
Revenue	61.34B	65.32B	68.19B	69.92B	73.71B	74.93B
Revenue Growth	5.97%	6.49%	4.39%	2.54%	5.43%	1.65%
Gross Profit	4.24B	4.25B	4.85B	5.36B	5.62B	5.50B
Gross Margin	6.90%	6.51%	7.12%	7.67%	7.63%	7.34%
Operating Income	2.87B	2.60B	2.82B	3.01B	3.09B	3.26B
Net Income	1.48B	737.00M	1.19B	1.63B	1.79B	1.94B
EPS	-	-	-	-	0.29	0.31
EPS Growth	-	-	-	-	5.92%	6.22%
Forward PE	13.32	11.76	11.08	13.15	15.80	15.14
Dividend / Share	0.11	0.11	0.12	0.14	0.15	0.16
Dividend Growth	-	-	11.01%	13.22%	5.84%	7.77%
Free Cash Flow	2.32B	1.60B	883.50M	2.46B	2.25B	1.90B
No. Analysts	-	-	-	-	-	14

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is GBP.

Revenue Forecast

Revenue	2027	2028	2029
High	75.9B
Avg	74.9B
Low	74.2B

Revenue Growth

Revenue Growth	2027	2028	2029
High	3.0%
Avg	1.7%
Low	0.7%

EPS Forecast

EPS	2027	2028	2029
High	0.32
Avg	0.31
Low	0.29

EPS Growth

EPS Growth	2027	2028	2029
High	11.4%
Avg	6.2%
Low	1.0%